Crusoe raises $3.9B Series F to accelerate modular 'Spark' AI data centers
Crusoe said it raised $3.9 billion in a Series F round that values the company at $30.9 billion, with the round co-led by Atreides Management, Mubadala Capital and Valor Equity Partners. The capital will fund existing data center projects (including an Abilene, Texas site used by OpenAI) and production of truck-transportable modular 'Spark' AI data centers; Crusoe leases space to customers who bring GPUs, rents its own GPUs, and sells inference compute. The company added three board members, including JB Straubel, and has been linked to a reported $13 billion GPU contract with Jane Street and IPO talks with Goldman Sachs and Morgan Stanley.